Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Whitmore Lake Rd Brighton, MI 48116
    Back to Search
    Property profile & analytics

    Whitmore Lake Rd Brighton, MI 48116

    View on Map
    • Land
    • 5.50 lot acres
    For Sale
    $1,237,500
    View Listing →
    Legacy Park Commercial Land For Sale
    $1,237,500

    Legacy Park Commercial Land

    5.5 Acres, Brighton, MI - Prime Development Site

    Brighton Twp, MI 48116
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Whitmore Lake Rd

    Lot size
    5.50 lot acres
    Property type
    Land

    Description

    This exceptional 5.5-acre commercial land parcel presents a unique investment opportunity in Brighton, Michigan. Located in Livingston County, at 42.4816011, -83.7567204, with APN 4716-20-100-009, this property is zoned VMU2/PUD, offering significant development potential. Priced at $1,237,500 ($225,000/acre), it boasts high visibility from US-23 and enjoys a strategic location adjacent to the Legacy Center Sports Complex. The site is part of a larger, 258-acre master-planned development encompassing state-of-the-art recreational, residential, and commercial components. This prime location benefits from its proximity to a planned 400+ unit residential development, with groundbreaking anticipated in 2022. The address is Whitmore Lake Rd, Brighton, MI 48116. This presents a rare chance to acquire land in a rapidly growing area with excellent infrastructure and strong community support, making it ideal for a variety of commercial ventures. The property's size and zoning provide flexibility for a range of development options, capitalizing on the significant existing and planned development within the Legacy Park community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7567
    Latitude
    42.4816

    Comparable in this City

    • Value Estimation by Request
      31.00 Acres

      9440 Spencer Rd

      Land • 31.00 Acres
      9440 Spencer Rd, Brighton, MI 48116
      View Details
    • Value Estimation by Request
      17.10 Acres

      Green Oak Winans Lk Rd & Whitmore Lk Rd

      Land • 17.10 Acres
      Green Oak Winans Lk Rd & Whitmore Lk Rd, Brighton, MI 48116
      View Details
    • Value Estimation by Request
      66.00 Acres

      10050 Fairlane Dr

      Land • 66.00 Acres
      10050 Fairlane Dr, Brighton, MI 48116
      View Details
    • Value Estimation by Request
      1.09 Acres

      Grand River Rd

      Land • 1.09 Acres
      0 Grand River Rd, Brighton, MI 48116
      View Details
    • Value Estimation by Request
      6.39 Acres

      Ford Ct

      Land • 6.39 Acres
      0 Ford Ct, Brighton, MI 48116
      View Details
    • Value Estimation by Request
      2.68 Acres

      I-96 And Pleasant Vly

      Multifamily properties • 2.68 Acres
      I-96 And Pleasant Vly, Brighton, MI 48116
      View Details

    Similar Nearby for Sale

    • $1,237,500
      5.50 Acres

      Legacy Park Commercial Land

      5.5 Acres, Brighton, MI - Prime Development Site
      0 Whitmore Lake Rd, Brighton, MI 48116
      View Details
    • $875,000
      3.90 Acres

      Winans Lake Rd & US 23

      Land • 3.90 Acres
      0 Winans Lake Rd & US 23, Brighton, MI 48116
      View Details
    • Contact for pricing

      Vacant Land Near Legacy Center

      Vacant land available for development near Legacy Center Sports Complex.
      Green Oak Winans Lk Rd & Whitmore Lk Rd, Green Oak Township, MI 48116
      View Details
    • Contact for pricing

      Land Near I-96 and Shopping

      Land close to I-96, Mt. Brighton, and shopping district.
      Challis Rd, Brighton, MI 48116
      View Details
    • Contact for pricing

      Vacant Land For Development

      Vacant land available for development.
      Grand River Ave, Brighton, MI 48116
      View Details
    • Contact for pricing

      Brighton Land for Mixed-Use Development

      Land for sale with site plan approval for mixed-use development.
      23 & Grand Riv Ave, Brighton, MI 48116
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Brighton, Michigan.
      9608 Village Place Blvd, Brighton, MI 48116
      View Details
    • Contact for pricing

      Brighton Retail/Office Space Available

      Retail/Office property for lease in Brighton, Michigan.
      10489 Grand River Ave, Brighton, MI 48116
      View Details
    • Contact for pricing

      Brighton Office Space Available

      Office space for lease in Brighton, Michigan.
      7960 Grand River Ave, Brighton, MI 48116
      View Details
    • Contact for pricing

      Industrial Building on Grand River

      Multi-tenant industrial property with office, warehouse, and manufacturing potential.
      11801 Grand River Ave, Brighton, MI 48116
      View Details
    • Contact for pricing

      Brighton Commercial Center Retail Space

      Retail spaces available in Brighton Commercial Center, Michigan.
      8589-8615 W Grand River Ave, Brighton, MI 48116
      View Details
    • Contact for pricing

      Industrial Building on Grand River

      Multi-tenant industrial property with office, warehouse, and manufacturing potential.
      11801 Grand River Ave, Brighton, MI 48116
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Whitmore Lake Rd
    Brighton, MI 48116
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Whitmore Lake Rd, Brighton, MI, 48116
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!